Pacific Life Enhances Employee Benefits with New Insurance Options
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Pacific Life Expands Employee Benefits Portfolio
Pacific Life’s Workforce Benefits division has announced exciting new developments in their offerings. The company has introduced two new disability insurance products aimed at providing vital paycheck protection for employees unable to work due to various circumstances. This strategic enhancement to their portfolio is designed to better serve the needs of employers and their workforce
Introduction of Disability Insurance Products
The new disability insurance products include both short-term and long-term options. These offerings mark a significant growth in Pacific Life’s capacity to support employers in safeguarding their employees' financial stability during challenging times. With these innovations, Pacific Life reaffirms its commitment to enhance the financial well-being of individuals through comprehensive insurance solutions.
Short-Term Disability Insurance
The Pacific Life Short-Term Disability Insurance is tailored for employees who may be sidelined for shorter durations due to illness, injury, or recovery from childbirth. This product is designed to help workers maintain their income during these critical periods, ensuring they can focus on recovery without the added stress of financial burdens.
Long-Term Disability Insurance
In contrast, the Pacific Life Long-Term Disability Insurance addresses longer-term needs by providing coverage for employees who are unable to work for extended periods. This product comes with comprehensive features, including an embedded Employee Assistance Program (EAP) powered by TELUS Health, which aids in the overall well-being of the employees.
Comprehensive Support and Features
Pacific Life recognizes the importance of robust support systems for employees facing life-altering events. The new disability insurance products come equipped with features such as vocational rehabilitation incentives, enabling employees to transition back to work after recovery. This considerate approach ensures employees are provided with the necessary resources at crucial moments in their lives.
About Pacific Life
Pacific Life has been a trusted name in the financial services industry, providing a wide array of products aimed at helping individuals and businesses achieve financial security. Their offerings range from innovative life insurance policies and annuity solutions to mutual funds that deliver value for both current and future generations. With nearly 160 years of experience, Pacific Life operates as a Fortune 500 company, consistently supporting the financial aspirations of its policyholders.
Frequently Asked Questions
What are the new products introduced by Pacific Life?
Pacific Life has introduced Short-Term and Long-Term Disability Insurance products, designed to provide financial protection for employees unable to work.
How does short-term disability insurance help employees?
This insurance helps employees protect a portion of their paycheck during brief periods of inability to work due to illness or recovery from childbirth.
What additional features come with long-term disability insurance?
The long-term disability insurance includes an embedded Employee Assistance Program (EAP) to support employees during their recovery.
What is Pacific Life's mission with these products?
Pacific Life aims to empower employers to offer crucial support to their employees, ensuring financial stability during challenging life events.
How long has Pacific Life been in business?
Pacific Life has been providing financial security solutions for nearly 160 years and is recognized as a Fortune 500 company.
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